What is Financial Accounting?
Financial Accounting courses teach students the technical skills that are required in the analysis of financial statements. It involves an understanding of the accounting standards and the incentives that affect the process of financial reporting. The most basic element of financial accounting courses is an income statement, statement of cash flows and balance sheet.
What do financial accounting courses comprise of?
Financial accounting courses at the postgraduate level are crafted with extensive detail. The foundation module in this course deals with the essential tools used in the field of financial analysis and reporting. Computer Fundamentals, Operating System know-how, Microsoft Office, the Internet, etc. are some of the most common subjects.
The first module of financial accounting courses teaches the basics of accounts, accounting applications (Tally ERP), business data, advanced practical accounting, analysis of financial data, statutory compliances and payroll and some real-life projects on accounting and payroll.
The latter modules focus on tax computation and the nuances of handling direct taxes, indirect taxes, company law, e-filing, real-life projects on taxation, etc.
Financial accounting courses are a great way to acquaint oneself with the functioning of the stock market, as is exhaustively covered in the higher modules of this course. One can get to know the basics of investment and the capital market, the derivative market and the options trading strategy, the depository operation, technical analysis, etc. The last sections of the financial accounting courses target the areas of financial management, financial market, and financial planning.
How is the course beneficial?
A student by the end of the course becomes a finance expert, by attaining fluency in the principles of management, the financial market and its products and security analysis and portfolio management.
A student can choose to join financial accounting courses after the completion of 10+2 exams or pursue a Master’s degree post graduating. Options are also extended to choosing between a two-year degree level programs or joining a short-term diploma in financial accounting courses.
What is the scope of work?
The job prospects for professionals in this field is vast and encompasses roles in the service industry, manufacturing, retail, insurance, banking, Knowledge Process Outsourcing, Business Processing Outsourcing, E-Commerce and Web, Real Estate, Economic Consulting opportunities, Treasury Operations, and Management, etc.
The remuneration for accounting professionals is on a higher end of the scale. Given the universal acceptance of the degree, the growth forecast in terms of work extends beyond one country and opens many more doors.
Times & Trends Academy offers Financial accounting courses that have changed careers of hundreds of students. Contact now for more information.